Abu Dhabi’s strategic investment company, MAIR Group, is preparing to go public next month, marking a significant milestone in the emirate’s economic development strategy. The group’s upcoming listing on the Abu Dhabi Securities Exchange (ADX) is poised to enhance its visibility and bolster its efforts in achieving food security and economic diversification.
MAIR Group operates a diverse portfolio, including the Abu Dhabi Cooperative Society (ADCOOP), which has expanded significantly following a merger with cooperative societies in Al Ain, Delma, and Al Dhafra. The company also oversees Makani Real Estate and SPAR, a prominent European supermarket chain, reflecting its substantial role in the food retail and commercial real estate sectors. MAIR’s operations contribute significantly to local economic growth, supporting over 65,000 customers daily across 120 retail outlets and 12 community hubs, with occupancy rates exceeding 90%.
In 2023, MAIR reported revenues of AED 2.34 billion and has since focused on expanding its market share through digital and physical growth. Plans include leveraging e-commerce and securing strategic locations for new grocery stores. Additionally, the company is exploring synergies with businesses aligned with its core operations, aiming to anchor its retail hubs and drive traffic growth.
Beyond business objectives, MAIR Group prioritizes social and economic contributions, including a robust Emiratisation strategy. With 92 Emiratis on its payroll as of 2023, the company has set an ambitious target of onboarding 400 Emirati employees within three years, reinforcing its commitment to local community development. MAIR also aims to harness innovation and global expertise to further its sustainability and investment goals.
Notice an issue?
Arabian Post strives to deliver the most accurate and reliable information to its readers. If you believe you have identified an error or inconsistency in this article, please don’t hesitate to contact our editorial team at editor[at]thearabianpost[dot]com. We are committed to promptly addressing any concerns and ensuring the highest level of journalistic integrity.
